Abstract
This paper aims to provide a direction to the manifestation of a smart city, with blockchain-based implementations for economic, legal, and vehicular domains. The paper sees the three domains as three legs of the city, relevant to individuals and corporations, personal usages and businesses alike. Properties of blockchain and the consequences of its potential applications are kept as the focus of the paper. Since all systems in a city have to be commercialized to be viable for large-scale use, this paper presumes that innovations for such systems are required to be commercialized. This consideration shapes the approach with which such innovations are discussed, since scalability, security, and law-abidingness become essential. By analyzing the suitability of these technologies in their widespread adoption and their commercialization, this work intends to present direction for overcoming challenges in existing work in blockchain in economic, legal, and vehicular sectors.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Hall, R.E., Bowerman, B., Braverman, J., Taylor, J., Todosow, H., Von Wimmersperg, U.Thu.: The vision of a smart city. United States. https://www.osti.gov/servlets/purl/773961
Vestergaard, C.: Blockchain for international security—the potential of distributed ledger technology for nonproliferation and export controls | Cindy Vestergaard | Springer. https://www.springer.com/gp/book/9783030862398. Accessed 26 Aug 2021 (2021)
Blockchain—Wikipedia: https://en.wikipedia.org/wiki/Blockchain. Accessed 09 Jan 2021
Kharitonova, E., Kharitonova, N., Pulyaeva, V., Shaidullina, V.: Revealing best practices in legal regulation in the sphere of blockchain technology. In: Proceedings of the 2nd International Scientific Conference on Innovations in Digital Economy: SPBPU IDE-2020 (SPBPU IDE ‘20). Association for Computing Machinery, New York, NY, USA, Article 1, 1–8. https://doi.org/10.1145/3444465.3444475 (2020)
“Dot/NHTSA policy Statement Concerning Automated Vehicles”. http://www.nhtsa.gov/staticfiles/rulemaking/pdf/Autonomous-Vehicles-Policy-Update-2016.pdf. Accessed 14 Feb 2021 (2016)
Cryptocurrency—Wikipedia: https://en.wikipedia.org/wiki/Cryptocurrency. Accessed 1 Sept 2021
Ethereum—Ethereum Home: https://ethereum.org/en/. Accessed 1 Sept 2021
Norta, A.: Self-aware smart contracts with legal relevance, pp. 1–8. https://doi.org/10.1109/IJCNN.2018.8489235 (2018)
Astafyev, I.V., Sokolov, D.P.: Digital economy: beautiful, but imaginary, concept. In: Popkova, E., Sergi, B. (eds.) Digital Economy: Complexity and Variety vs. Rationality. ISC 2019. Lecture Notes in Networks and Systems, vol. 87. Springer, Cham. https://doi.org/10.1007/978-3-030-29586-8_27 (2020)
Introduction to smart contracts, solidity. Source: https://docs.soliditylang.org/en/v0.8.7/introduction-to-smart-contracts.html
Tambay, P.: Talk on blockchains and cybersecurity [Video]. https://www.youtube.com/watch?v=HD9IqpWIehI (2021)
Rahman, M.A., Rashid, M.M., Hossain, M.S., Hassanain, E., Alhamid, M.F., Guizani, M.: Blockchain and IoT-based cognitive edge framework for sharing economy services in a smart city. IEEE Access 7, 18611–18621 (2019). https://doi.org/10.1109/ACCESS.2019.2896065
Hammi, M.T., Hammi, B., Bellot, P., Serhrouchni, A.: Bubbles of trust: a decentralized blockchain-based authentication system for IoT. Comput. Secur. 78, 126–142. ISSN 0167-4048. https://doi.org/10.1016/j.cose.2018.06.004 (2018)
Abubaker, Z., Gurmani, M.U., Sultana, T., Azeem, M., Iftikhar, M., Javaid, N.: Decentralized mechanism for hiring the smart autonomous vehicles using blockchain (2019)
Arch Linux—Arch Linux: https://archlinux.org/. Accessed 1 Sept 2021
Kamble, N., Gala, R., Vijayaraghavan, R., Shukla, E., Patel, D.: Using blockchain in autonomous vehicles. In: Maleh, Y., Baddi, Y., Alazab, M., Tawalbeh, L., Romdhani, I. (eds.) Artificial Intelligence and Blockchain for Future Cybersecurity Applications. Studies in Big Data, vol. 90. Springer, Cham. https://doi.org/10.1007/978-3-030-74575-2_15 (2021)
Bystriakov, A.J., Guirinskiy, A.V., Nan, T.N., Hidar, S., Din, L.C.: Crypto currencies and possible risks. In: Popkova, E., Sergi, B. (eds.) Digital Economy: Complexity and Variety vs. Rationality. ISC 2019. Lecture Notes in Networks and Systems, vol. 87. Springer, Cham. https://doi.org/10.1007/978-3-030-29586-8_21 (2020)
O'Shields, R.: Smart Contracts: Legal Agreements for the Blockchain, 21 N.C. Banking Inst. 177. http://scholarship.law.unc.edu/ncbi/vol21/iss1/11 (2017)
Raskin, M.: The Law and Legality of Smart Contracts (September 22, 2016). 1 Georgetown Law Technology Review 304. Available at SSRN: https://ssrn.com/abstract=2959166 or https://doi.org/10.2139/ssrn.2842258 (2017)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Kamble, N. (2022). Commercializing Blockchain in a Smart City: Autonomous Vehicles, Cryptocurrency, and Contract Law. In: Nedjah, N., Abd El-Latif, A.A., Gupta, B.B., Mourelle, L.M. (eds) Robotics and AI for Cybersecurity and Critical Infrastructure in Smart Cities. Studies in Computational Intelligence, vol 1030. Springer, Cham. https://doi.org/10.1007/978-3-030-96737-6_9
Download citation
DOI: https://doi.org/10.1007/978-3-030-96737-6_9
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-96736-9
Online ISBN: 978-3-030-96737-6
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)